India will surpass China as the world’s fastest growing economy in the next 2-3 years, top industrialist Mukesh Ambani today said, while terming the fall in global oil prices as a “gift” to India.
“We will be the fastest growing economy in the world in the next 2-3 years. We will exceed China’s growth rate in next 2-3 years. We will be the fastest growing economy in the world in 2016-2017 and 2017-2018,” the Reliance Industries Chairman said.
He was speaking at an event organised by Brown University here.
Ambani further said that 2014 is a landmark year for the country.
“I think the people of India have spoken after really 30 years. I have in business for now alomst 30-35 years and we have got a majority (government) now…I have been saying this consistently that 2014 is a lucky year for India,” he said.
Referring to the recent fall in crude oil prices, Ambani said, “…we are now on the horizon of USD 60-70, that is really a gift…. If this continues for two years, it’s a gift”.
He recalled that oil prices had shot up from USD 20/barrel to USD 140 during 2004 to 2014.